Putting the AP in SAP: How xSuite Accelerates the Accounts Payable Process

Finance teams are under more pressure than ever to deliver accuracy and efficiency. Essential functions can suffer from stagnant manual workflows and siloed information. Organizations are on the lookout for ways to innovate these workflows, especially as they seek to replace outdated workflows amid the digital migration to SAP S/4HANA.

Improving AP Processes

SAPinsiders in the finance field have said that the accounts payable process is a top pain point – invoices are often delivered in different formats, verification is challenging, and manual work often slows down the process.

The move to SAP S/4HANA can provide companies an opportunity to remove outdated AP processes and replace them with improved workflows supported by AI, automation and other advanced capabilities. Yet many organizations may not know where to start with this process.

To help companies better understand how to improve their AP processes within SAP, the AP experts at xSuite are sharing live demos and real-world experiences of how companies can bolster this important workflow.

SAPinsider President Riz Ahmed and xSuite Global VP Tony Cheung will host a webinar discussing the hottest trends in the accounts payable space and sharing practical tips and strategies to help SAP users infuse automation into their AP processes and streamline important workflows.

This webinar, scheduled for November 21, will also demonstrate the advanced capabilities that SAP S/4HANA provides and how organizations can best utilize them to strengthen their AP processes.

Trends in AP

SAP organizations can no longer afford to rely on outdated, manual workflows to keep pace with AP tasks. Leading companies are relying on AI and automation to reduce the burden of manual tasks, empowering finance and accounting professionals to tackle higher impact, strategic initiatives that drive business growth.

Yet these trends have yet to fully catch on. SAPinsider’s recent AI and Automation in Finance Benchmark Research Report found that just 31% of SAP organizations are using invoice and payment processing solutions to support finance function strategies.

Artificial Intelligence (AI) has shown tremendous promise in the AP space as well. Companies like xSuite have provided solutions that scan documents, enter data, and prepare forms to be entered into SAP. AI can even validate captured data. Perhaps most promising of all, AI is scalable. This means that organizations can grow without worrying about whether workers can keep up with additional tasks.

Those who want to learn more about these exciting trends can register for the upcoming SAPinsider-xSuite webinar.